MongoDB, Inc.MDB
MongoDB, Inc. Revenue Disclosure
Revenue
Disaggregation of Revenue
The Company believes that the nature, amount, timing and uncertainty of its revenue and cash flows and how they are affected by economic factors is most appropriately depicted through the Company’s primary geographical markets and subscription product categories. The Company’s primary geographical markets are North and South America (“Americas”); Europe, Middle East and Africa (“EMEA”); and Asia Pacific. The Company also disaggregates its subscription products between its Atlas-related offerings and other subscription products, which include MongoDB Enterprise Advanced.
The following table presents the Company’s revenues disaggregated by primary geographical markets, subscription product categories and services (in thousands):
Years Ended January 31, | |||||||||||||||||
| 2026 | 2025 | 2024 | |||||||||||||||
Primary geographical markets: | |||||||||||||||||
Americas | $ | 1,497,477 | $ | 1,213,061 | $ | 1,016,324 | |||||||||||
EMEA | 680,840 | 553,090 | 469,082 | ||||||||||||||
Asia Pacific | 285,480 | 240,292 | 197,605 | ||||||||||||||
Total | $ | 2,463,797 | $ | 2,006,443 | $ | 1,683,011 | |||||||||||
| Subscription product categories and services: | |||||||||||||||||
| Atlas-related | $ | 1,807,866 | $ | 1,405,184 | $ | 1,105,351 | |||||||||||
Other subscription | 578,111 | 538,680 | 521,975 | ||||||||||||||
Services | 77,820 | 62,579 | 55,685 | ||||||||||||||
Total | $ | 2,463,797 | $ | 2,006,443 | $ | 1,683,011 | |||||||||||
Contract Liabilities
The Company’s contract liabilities are recorded as deferred revenue in the Company’s consolidated balance sheets and consist of customer invoices issued or payments received in advance of revenues being recognized from the Company’s subscription and services contracts. Deferred revenue, including current and non-current balances as of January 31, 2026, 2025 and 2024 was $470.7 million, $359.8 million and $377.4 million, respectively. Approximately 14% and 18% of the total revenue recognized in the years ended January 31, 2026 and 2025 was from deferred revenue at the beginning of each respective period.
Remaining Performance Obligations
Remaining performance obligations represent the aggregate amount of the transaction price in contracts allocated to performance obligations not delivered, or partially undelivered, as of the end of the reporting period. Remaining performance obligations include unearned revenue, multi-year contracts with future installment payments and certain unfulfilled orders against accepted customer contracts at the end of any given period. The Company applies the practical expedient to omit disclosure with respect to the amount of the transaction price allocated to remaining performance obligations if the related contract has a total duration of 12 months or less. As of January 31, 2026, the aggregate transaction price allocated to remaining performance obligations was $1,472.7 million. Approximately 52% is expected to be recognized as revenue over the next 12 months, 46% in 13 to 36 months and the remainder thereafter. However, the amount and timing of revenue recognition are generally dependent upon customers’ future consumption, which is inherently variable at the customers’ discretion.
Unbilled Receivables
Revenue recognized in excess of invoiced amounts creates an unbilled receivable, which represents the Company’s unconditional right to consideration in exchange for goods or services that the Company has transferred to the customer. Unbilled receivables are recorded as part of accounts receivable, net in the Company’s consolidated balance sheets. As of January 31, 2026, 2025 and 2024, unbilled receivables were $19.8 million, $22.5 million and $22.7 million, respectively.
Allowance for Doubtful Accounts
The Company considers expectations of forward-looking losses, in addition to historical loss rates, to estimate its allowance for doubtful accounts on its accounts receivable. The following is a summary of the changes in the Company’s allowance for doubtful accounts (in thousands):
| Allowance for Doubtful Accounts | |||||
| Balance at January 31, 2023 | $ | 6,362 | |||
| Provision | 8,520 | ||||
| Recoveries/write-offs | (6,828) | ||||
| Balance at January 31, 2024 | 8,054 | ||||
| Provision | 9,404 | ||||
| Recoveries/write-offs | (8,570) | ||||
| Balance at January 31, 2025 | 8,888 | ||||
| Provision | 15,782 | ||||
| Recoveries/write-offs | (11,691) | ||||
| Balance at January 31, 2026 | $ | 12,979 | |||
Costs Capitalized to Obtain Contracts with Customers
Deferred commissions were $373.2 million and $363.4 million as of January 31, 2026 and 2025, respectively, of which $241.7 million and $250.7 million comprised the non-current portion and was included in other assets on the Company’s consolidated balance sheets as of January 31, 2026 and 2025, respectively. Amortization expense with respect to deferred commissions, which is included in sales and marketing expense in the Company’s consolidated statements of operations, was $136.8 million, $112.6 million and $99.5 million for years ended January 31, 2026, 2025 and 2024, respectively. There was no impairment loss in relation to the costs capitalized for the periods presented.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Mar 11, 2026 | Showing above |
| 2025 | Mar 21, 2025 | |
| 2024 | Mar 15, 2024 | |
| 2023 | Mar 17, 2023 | |
| 2022 | Mar 18, 2022 | |
| 2021 | Mar 22, 2021 | |
| 2020 | Mar 27, 2020 | |
| 2019 | Apr 1, 2019 | |
| 2018 | Mar 30, 2018 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.